Imported rice price capped at P50 per kilogram
PRESIDENT Ferdinand R. Marcos, Jr. set the price ceiling for imported rice at P50 per kilo, citing the need to contain prices during the...
AmCham supports land value capture provisions in pending land use law
THE American Chamber of Commerce of the Philippines (AmCham) said it asked the Senate to incorporate land value capture (LVC) provisions in the proposed...
Stocks drop on mixed earnings, US-Iran deadlock
PHILIPPINE SHARES edged lower for a second straight day on Wednesday as investors stayed cautious amid mixed corporate results and the standoff between the...
Water utilities win Bulacan property tax case
THE Court of Tax Appeals has issued a final resolution shielding Metro Manila’s water utilities from a Bulacan tax bill, ruling that the Municipality...
BIR to waive collection of smaller delinquent amounts
THE Bureau of Internal Revenue (BIR) said it raised the threshold for writing off delinquent tax accounts, citing the need to save on administrative...
March loan growth at 7-month high
PHILIPPINE BANKS’ lending to businesses and consumers marked its fastest expansion in seven months in March, supported by robust liquidity in the financial system despite the Middle East conflict, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
GDP growth may slow further as price pressures mount
PHILIPPINE ECONOMIC GROWTH this year could slump to its slowest in nearly two decades as price pressures from the energy crisis compound already muted...
Luzon Economic Corridor seen to increase jobs, investments
THE LUZON Economic Corridor (LEC) will help make the Philippines more resilient to external shocks by generating more jobs and attracting greater foreign investment interest, the Finance department said.
DoTr eyes to award automated fare collection system project this year
THE DEPARTMENT of Transportation (DoTr) targets to award the Philippine Automated Fare Collection System (PAFCS) contract by the fourth quarter, with the bidding process...
Peso down as oil surge, Iran war lift demand for greenback
THE PESO slipped to a near two-week low on Tuesday as investors moved into the dollar amid rising global oil prices and continued uncertainty...
PSEi falls as profit-taking, war weigh on sentiment
THE Philippine Stock Exchange index (PSEi) edged lower on Tuesday as investors booked profits amid renewed concerns over the Iran war’s impact on global oil supply and weaker domestic economic signals.
PHL pitches nickel investors on need to diversify sourcing
THE PHILIPPINES is exploring new partnerships and pitching itself to potential investors as a nickel supplier that will help users diversify their supply chains, the...